| Library / English Dictionary |
SHARK REPELLENT
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
A measure undertaken by a corporation to discourage unwanted takeover attempts
Synonyms:
porcupine provision; shark repellent
Classified under:
Nouns denoting acts or actions
Hypernyms ("shark repellent" is a kind of...):
measure; step (any maneuver made as part of progress toward a goal)
Hyponyms (each of the following is a kind of "shark repellent"):
golden parachute (giving top executives lucrative benefits that must be paid by the acquirer if they are discharged after a takeover)
greenmail ((corporation) the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the owners to buy those shares back at a premium in order to stay in business)
pac-man strategy (the target company defends itself by threatening to take over its acquirer)
poison pill (the target company defends itself by making its stock less attractive to an acquirer)
safe harbor (the target company defends itself by acquiring a company so onerously regulated that it makes the target less attractive)
scorched-earth policy (the target company defends itself by selling off its crown jewels)
